ANSA McAL’s 2024 profits grow 13.6%

…group driving greater long-term value

(Trinidad Guardian)  The ANSA McAL group on Friday declared after-tax profit of TT$675.54 million in its financial year ended December 31, 2024, a 13.6 per cent increase compared to the TT$584.48 million the company earned in 2023.

The group’s profit before tax totalled TT$905.81 million in its 2024 financial year, an improvement of 7.6 per cent compared to 2023.

ANSA McAL’s revenue for 2024 was TT$7.40 billion, 5.02 per cent more than in 2023.

The conglomerate, which is listed on the T&T Stock Exchange also experienced growth in its total assets, which were 9.5 per cent more, at $20.17 billion, as at December 31, 2024, than at the end of its 2023 financial year. The company also reported that its cash flows generated from operations surged 53 per cent year over year